Monday, June 28, 2010
I spoke to a seller of a home yesterday. She had not paid her mortgage in TWO years! (Actually this is not that unheard of) Interestingly enough, the bank has not wanted to foreclose on the property - think "shadow inventory" here. She decides to move back in to the home to offer it for sale as a short sale in order to "save her credit". Ummm... hello... a short sale will not save your credit if you haven't been making payments for 2 years - I imagine the credit is devastated at this point. The difference between the points hit on a short sale and a foreclosure for this client are minimal. For someone who just missed his first payment on a mortgage and is concerned to limit credit score hit - then a short sale would be preferable over a foreclosure. Keep in mind, the right kind of short sale is what we strive to achieve. The right kind would be a non-deficiency statement from the lender which states that no further collection will happen and the bank is satisfied with the short sale proceeds. Each case is different and each is worth taking the time to review with an attorney, CPA and an experienced foreclosure alternative Realtor.
Sunday, June 20, 2010
We have an exclusive opportunity to purchase a non performing note on a commercial office condo in a great park in Mountain View. Approximately 3,650 square feet, 5 year old property, well built out 100% office space, great value in the mid $100s per foot. Great deal for an owner-user in a park that is convenient to 237, the mid Peninsula and south to Silicon Valley.
Thursday, June 17, 2010
Very good deal in San Jose for a short sale duplex. Large 1,936 square feet on a 7,000 square foot lot offered at $380,000. One 3 bedroom unit and one 2 bedroom unit. Central gas heating, building is only 40 years old - comparatively to most duplexes in the Valley which are 50-60 years old. Good roof, fenced patios, strong rental area of south San Jose. This is a very good deal to own.
Tuesday, June 15, 2010
Just listed yesterday a Wells Fargo owned condo loft that faces Santana Row. Sitting on the 3rd floor of the DeForest building is a A-1 model, 1099 square feet, no large red "X" structural support in the living room, blond kitchen cabinets with granite counter,washer, dryer, fridge all in the unit. And get this - FOUR parking spaces! Somebody went overboard with parking purchases! Unit is directly over Cocolat and Straits. Offered at $424,900. This unit will sell very, very fast.
Monday, June 14, 2010
$539,900 for a duplex on a great street in Blossom Valley near Westfield Oakridge Mall. Over 2,100 square feet, 3 bedroom & 2 bath unit and 2 bedroom and 1 bath unit. Large lot, newer roof, open floorplans. The unit would do well with upgrades to the dated kitchen and baths. Perfect investor unit or owner occupant.
Thursday, June 10, 2010
Excellent owner user building in an excellent area of Willow Glen. Space has high ceilings and roll up doors. Full usable basement. Large lot with very flexible zoning area for redevelopment potential. Possible medical, dental use. Motivated seller - make an offer!
Monday, June 7, 2010
Only 21 of these exist and this very well may be the best unit of the lot. Facing directly at the Hotel Valencia's VBar is the main covered balcony of this home. There are 3 other balconies/patios for this unit also! 3 master suites, a spacious living room, dining room and kitchen. All upgraded to the highest standards. If you love the lifestyle and the energy of Santana Row, then you must view this home. Offered at just under $1.9M for 2,288 square feet of luxurious living.
Saturday, June 5, 2010
There are only two of these units at Santana Row for lease. Both are amazing 2,900 square foot flats in the heart of Santana Row. They were designed and built to be ultra-luxurious apartments for an amazing lifestyle. One of these flats will be available for move in within the next 2 weeks. Asking rent is $13,000 per month. Definitely a steep rent until you see what you get for the money. Anybody would be impressed. Perfect views of both the pool and Santana Row. A stunning kitchen, living room, family room and balcony. Impressive master suite plus 3 more bedrooms. A private elevator opens directly into the unit. 3 car private garage parking and a 4th space on the pool deck. If urban, luxury living is your thing, then call us for an appointment to view this flat as soon as possible.
Wednesday, June 2, 2010
2 bedrooms, 2.5 baths, 1,513 square feet on two levels in the DeForest Building. Two parking spaces. $599,000 short sale price subject to bank approval. Currently rented for $2,500 per month. This unit has an outdoor balcony facing West. Great unit and an excellent price. Call to tour.